A New Jersey man and three of his businesses named as defendants in a lawsuit by the state attorney general’s office over an alleged Ponzi scheme will pay $7 million in restitution and another $220,000 in civil penalties.
See more: Anne Milgram, criminal, Dina Hankins, fraud, Hankins Group, Hankins Life Settlment, Hankins Private Client Group, James Hankins, legal, life settlements, N.J. Bureau of Securities, viaticals
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.

